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Angel Oak Flexible Income Fund now on Schwab, Pershing and BB&T platforms


Angel Oak Capital Advisors’ recently launched Angel Oak Flexible Income Fund (ANFLX, ANFIX) has been made available on the Charles Schwab, Pershing and BB&T mutual fund platforms.

The Angel Oak Flexible Income Fund takes a distinct approach to credit investing, actively allocating across higher-yielding global fixed income instruments, with the flexibility to shift among structured credit and corporate credit as well as emerging asset classes that may not be as sensitive to changes in interest rates. The Fund seeks to deliver current income and total return.

“We’re excited to add this new fund to our growing lineup of fixed income investment products and are pleased to announce its availability on three leading mutual fund platforms. The Flexible Income Fund furthers our goal of providing investors with exposure to less traditional, potentially higher-income-producing assets that also have the potential for capital appreciation,” says Brad Friedlander, the firm’s Head Portfolio Manager. “The ‘flexible’ nature of the fund provides our portfolio managers with the freedom to invest in securities outside of indices, lowering the expected correlation to traditional fixed income.”

Similar to the firm’s Angel Oak Multi-Strategy Income Fund (ANGLX, ANGIX), the Angel Oak Flexible Income Fund currently favours collateralised loan obligations (CLOs) over high-yield corporate debt. “Angel Oak Capital has been using alternatives to high-yield debt for several years,” says Friedlander. “The majority of our corporate credit exposure is in CLOs, as this asset class offers stronger yields and relative valuation strength over high-yield corporate debt.”

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